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US Housing Starts up dramatically in June as “Home buyers flee to suburbs, rural areas” — Reuters
Still, US homebuilding remains -24% below its February level. Housing starts in the US increased +17% to a seasonally adjusted annual rate of 1.186 million units last month, the Commerce Department said today. The percentage gain was the largest since October 2016. Data for May was revised up to a 1.011 million-unit pace from the…
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Softwood Lumber Prices Hit 2-Year High, Up +50% Since April — NAHB
On July 10 the US National Association of Home Builders explained current conditions with the North American softwood lumber market. The primary drivers of the price increase include: Sawmills closed in the spring due to stay-at-home and social distancing measures enacted by state and local governments. When prices fell between March and April as a…
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Canada House Prices Jump +6.5% Year-Over-Year
The Canadian Real Estate Association said Wednesday that the average price of a Canadian resale home was $539,000, up 6.5 per cent from the average price a year earlier. And it’s up by more than 10 per cent from what it was just one month earlier, in May. Canada’s housing market went into a deep freeze…
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Softwood Lumber Prices Race Toward 2018 Highs as Demand Drops
“Robust lumber and panel sales continued last week as supply just couldn’t keep up.” — Madison’s Lumber Reporter While demand for construction framing dimension softwood lumber continued to surpass supply last week, it was noticeable that buyer orders to sawmills were slowing down. Indeed, customer interest seemed to shift from the benchmark Western Spruce-Pine-Fir to…
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Madison’s Heating Wood Pellet Price report: June 2020
Progress with Regulations Will Increase Use of Heating Wood Pellets Biomass Heating for Interior BC Community The Esk’etemc indigenous community in Alkali Lake, BC, recently installed biomass boilers to facilitate a transition from fossil fuel community-heating to a more stable, long-term biomass heating solution. Phase 1 of this project to convert from propane to biomass…
